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This document outlines the definitions and typology that IFC uses for identifying, promoting, and tracking climate-related investment and advisory projects.
IFC periodically updates its Climate Definitions to take into account changes in the marketplace, changes in IFC’s strategy, and updates to the commonly agreed principles1 for tracking mitigation finance agreed to by the multilateral development banks.2
As part of the 2016 WBG Climate Change Action Plan, IFC’s Climate Implementation Plan includes four objectives.